According to Hohhot's announcement, on October 19, the Hohhot Economic and Technological Development Zone and Joy Semiconductor Co., Ltd. signed a cooperation agreement for an ultra-high voltage power semiconductor device production project, with a total investment of 558 million yuan. The construction period of the project is 10 months, and it is scheduled to be put into operation in November 2027. The estimated annual output value of the project is 200 million yuan to 250 million yuan after full production results are achieved.

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